BRIGANTINE HOUSING MARKET INFORMATION With 7,602 people, 3,954 houses or apartments, and a median cost of homes of $789,649, real estate costs in Brigantine are among some of the highest in the nation, although house prices here don't compare to real estate prices in the most expensive New Jersey communities. Single-family detached homes are the single most common housing type in Brigantine, accounting for 50.56% of the city's housing units. Other types of housing that are prevalent in Brigantine include large apartment complexes or high rise apartments ( 18.72%), duplexes, homes converted to apartments or other small apartment buildings ( 17.22%), and a few row houses and other attached homes ( 13.51%). Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Brigantine. Owner-occupied housing accounts for 74.76% of Brigantine's homes, and 52.53% have either three or four bedrooms, which is average sized relative to America. There is a lot of housing in Brigantine built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Brigantine built between 1940-1969 ( 31.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 13.48%). There's also some housing in Brigantine built before 1939 ( 3.81%). A decent proportion of the Brigantine housing stock is seasonally occupied. That is, homes and condos in Brigantine are occupied by people for a portion of the year - mainly for vacation purposes - and then locked up and left unoccupied for the remainder of the year as owners return to their primary residences. This characteristic of the Brigantine housing market speaks to its popularity as a vacation location of choice. BRIGANTINE HOME APPRECIATION RATES In the last 10 years, Brigantine has experienced some of the highest home appreciation rates of any community in the nation. Brigantine real estate appreciated 141.45% over the last ten years, which is an average annual home appreciation rate of 9.22%, putting Brigantine in the top 10% nationally for real estate appreciation. If you are a home buyer or real estate investor, Brigantine definitely has a track record of being one of the best long term real estate investments in America through the last ten years. Appreciation rates are so strong in Brigantine that despite a nationwide downturn in the housing market, Brigantine real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Brigantine appreciation rates continue to be some of the highest in America, at 11.72%, which is higher than appreciation rates in 94.76% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Brigantine. Brigantine appreciation rates in the latest quarter were at 3.18%, which equates to an annual appreciation rate of 13.33%. Importantly, this makes Brigantine one of the highest appreciating communities in the nation for the latest quarter, and may signal the city's near-future real estate investment strength. Relative to New Jersey, our data show that Brigantine's latest annual appreciation rate is lower than 70% of the other cities and towns in New Jersey.